Stonebrook Private Inc. Buys 708 Shares of Philip Morris International Inc. $PM

Stonebrook Private Inc. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 22.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,919 shares of the company’s stock after purchasing an additional 708 shares during the quarter. Stonebrook Private Inc.’s holdings in Philip Morris International were worth $714,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares in the last quarter. Capstone Wealth Management Group LLC acquired a new position in shares of Philip Morris International during the first quarter valued at about $238,000. Ignite Planners LLC increased its position in shares of Philip Morris International by 19.4% during the first quarter. Ignite Planners LLC now owns 11,947 shares of the company’s stock worth $2,032,000 after acquiring an additional 1,945 shares in the last quarter. Finally, PFG Advisors raised its holdings in shares of Philip Morris International by 6.5% in the 1st quarter. PFG Advisors now owns 3,180 shares of the company’s stock worth $505,000 after acquiring an additional 194 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PM shares. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Barclays decreased their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.56.

Philip Morris International Stock Performance

Shares of PM opened at $156.05 on Wednesday. The firm has a market cap of $242.92 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The business has a 50-day moving average of $157.08 and a 200 day moving average of $167.63. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were given a dividend of $1.47 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is 106.52%.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.